• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador’s trade with Asia will take place directly from Posorja
The European Union authorizes the entry of aquaculture products from Ecuador
Guayaquil will activate cameras in 6,000 public buses, school buses and taxis
Beaches in Ecuador attract millionaire investments from real estate groups
The State will not release Glas and Salcedo for ‘irregularities’ in habeas corpus
The airline Arajet will connect the Dominican Republic with Ecuador
Land iguanas reappear in Galapagos and this is the reason
UN: Ecuador is the third country in the world that seizes the most drugs
Ecuador detects new case of monkeypox and adds seven
‘Narco generals’: Comptroller finds evidence of three police officers

The creation of a trust fund for earthquake depends only on the Government; there is no impediment, says oil expert

Posted On 05 May 2016

 

fideicomisodeadministracion-ECUADORTIMES

Luis Calero, lawyer and oil expert, said Wednesday that there is no impediment for the creation of a trust fund for the reconstruction of the Manabi and Esmeraldas provinces, the most affected by the earthquake of April 16. It just depends on the government’s decision, he said.

According to Calero, the legal figure (trust) has existed for over two thousand years so that the Central Government can not consider it as ‘neoliberal,’ since this ideological trend appeared 70 years ago.

Calero proposed that the legal figure is administered by the Central Bank of Ecuador (BCE) and, in order to guarantee the delivery of the resources, it should establish legal and administrative santions for those who do not properly manage the funds.

 

 

Source: http://www.eluniverso.com/noticias/2016/05/04/nota/5561289/crear-fideicomiso-terromoto-depende-solo-gobierno-no-hay

About the Author
  • google-share
Previous Story

The earthquake activated the crisis team an insurance company

Next Story

Compromiso Ecuador files an amicus curiae against referendum

SEARCH

LATEST NEWS

Ecuador's trade with Asia will take place directly from Posorja

Posted On 11 Aug 2022

The European Union authorizes the entry of aquaculture products from Ecuador

Posted On 11 Aug 2022

Guayaquil will activate cameras in 6,000 public buses, school buses and taxis

Posted On 10 Aug 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net